China’s property market seems destined for better days in 2013

The distinction between residential and commercial titles has become important in the continuing environment of the government’s curbs on property speculation.
Commercial title, which falls under the more commonly used category of “serviced apartment,” has an ownership tenure of up to 50 years, compared with the normal 70 years under the traditional “residential title” units. Utility fees at the commercial title units are usually more expensive. Because the properties are categorized as “commercial” rather than “residential,” they can be bought without restrictions………………………………………Full Article: Source